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Grow Your Business & Maximise Your Profits
Rating: 4.7 out of 5(19 ratings)
5,488 students

Grow Your Business & Maximise Your Profits

A Practical Action Plan To Revolutionise Your Bottom Line
Created byExpert Academy
Last updated 2/2021
English

What you'll learn

  • Key business growth strategies to improve profitability.
  • How to develop a bespoke business plan for profitable growth.
  • The ‘Routes To Profitability’ model - and how you can apply it to your own company.
  • Principles of growing profit margins, such as reduced costs and improved efficiencies.
  • Why businesses often fail to become more profitable as they grow.
  • Real-life examples of businesses that have used these techniques to get to the next level.
  • How to accelerate business growth by increasing the likelihood of customer recurrence, whilst also increasing business exposure to improve profitability.

Course content

10 sections21 lectures1h 11m total length
  • Grow Your Business & Maximise Your Profits: An Introduction2:55

    A warm introduction from Andy, who explains what the Grow Your Business and Maximise Your Profits course is all about. He highlights the challenges facing businesses today when it comes to Profit Improvement. He focuses on ‘Getting the Basics Right’, before later lectures that cover ‘Creating a Profit Focus in Your Business’, ‘The Five Routes to Profitability’ and finally a practical way for you to ‘Develop Your Own Route.’

  • Maximising Your Profitability: Some Do's & Don'ts3:20

    Continuing in ‘Getting the Basics Right’ Andy introduces here the principles of managing a balance between maximising your financial returns, keeping your customers happy and ensuring your people are committed, motivated and effective. He highlights what this looks like and what it means for your business - and for you!

  • The 10 Common Barriers Maximising Profitability5:49

    This lecture highlights 10 Common Barriers businesses face when Maximising Profitability. Andy helps you understand how you measure up and what you can do to address some of these issues in your business. Download The Barriers To Profitability Assessment Toolkit.

  • What Successful Profit-Focused Businesses Have & Do1:55

    Andy highlights in this final lecture about ‘Getting the Basics Right’ what it is that profit-focused businesses have and do and he then helps you identify how you measure up! This lecture shares with you the 7 Key Ingredients Of Maximising Profitability, allows you to see how you measure up and importantly what you can do about it! Download the Create A 3D Profit Focus Assessment Toolkit.

Requirements

  • No financial or accounting expertise is needed to maximise this course.

Description

How can a company improve profitability? Regardless of your business sector, profits don’t come as naturally as you might think. First, you need to have a plan of attack that will run expenses down whilst keeping income on a steady upwards path.

In this course, you will learn various business growth strategies for profitability. More importantly, you will be taught the key motivational tactics to get your whole team fixated on profits, as this is a key driver of consistent business growth.

This course will steer away from fancy accounting tricks. In actual fact, there will be very little accounting covered at all. What this course wants you to appreciate is that the best way to drive profitable growth is when everyone in the business sees profit as their common goal. Once everyone has it as their main priority, the pieces of your growth plan will naturally fall into place.

So what about your business growth plan? How do you go about creating that? This course will help you devise that too, with help from the Routes For Profitability model. This framework discusses all the directions you can take your business in, and how they can be best used for profitable growth. You’ll also learn some key principles to keep profit margins as wide as possible, so your growth plan remains robust and fool-proof for the future.

Many businesses, no matter the level of success they encounter, record zero profits for many years. At times, this is attributable to the sector they operate in. It may also be down to heavy reinvestment. Regardless of the reasons, your business might fall into this trap too. If you are not profiting, there’s very little leeway to subsidise your company during expensive crisis events. So, make sure you are always one step ahead, enrol in the course, and begin recording profits as soon as possible.

Who this course is for:

  • How to accelerate business growth by increasing the likelihood of customer recurrence, whilst also increasing business exposure to improve profitability.
  • Team leaders or financiers currently managing a business’ budget.
  • Anyone looking to enhance their financial knowledge or profit-related skill set.
  • Professionals considering leadership roles in the future.